Quote:
Originally Posted by shawnly1000
I think the stupid money is only a minority, most of the money that'll be in Groupon tomorrow, like any IPO will be day traders/people looking to game the IPO hence the typical huge jumps. JMHO
Ya it'll move big either direction given that the float will be very low.
Their idea not being proprietary/patentable won't be their only problem, their accounting issues will be a big one as well.
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i'm not too familiar with the accounting problem, but isn't it just a net vs. gross issue? that is, they initially said for a $100 coupon that $50 went to the vendor, they showed $100 gross rev, $50 cost of sales, instead they should show revenue of $50... doesn't really change anything, i'd hope any investor would understand the business model sufficiently to read between teh numbers to see what's really going on - but as i say, i've only heard about this 2nd hand, not interested enough to actually look myself